data as of
Settings8H · net · $10k
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Price arb /

USELESS

all USELESS markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$201
spread now−0.512%7d average−0.010%fees + slippage, in and out−$150spread needed1.504%
Long on BloFinShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin USELESS-USDT0.28700.0546pay 0.0273% / 4h1h 26m$1.2M$1.8M12x
ShortPhemex USELESSUSDT0.28550.0100get 0.0050% / 4h1h 26m$531K$1.3M20x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$51.22
Funding while held
−$13.38
Slippage, 4 orders
−$126.38
Fee BloFin: 6 bp × 2 orders
−$12
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$214.99
Spread needed to break even
1.504%
Slippage from BloFin: live order book, 3 min ago; Phemex: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0446%
Per $10,000 a day
−$13.38
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 3 min ago2.43 bp19.7 bp −$2036.8 bp −$368doesn't fitdoesn't fit
Sell Phemex live order book, 3 min ago14.39 bp46.5 bp −$46doesn't fitdoesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni0.2844cheapestHTX0.2850+0.219%Bitget0.2851+0.250%OKX0.2851+0.264%Gate0.2852+0.268%KuCoin0.2852+0.296%Bybit0.2853+0.328%MEXC0.2854+0.345%BingX0.2854+0.352%Polymarket Perps0.2854+0.352%Extended0.2854+0.364%Binance0.2855+0.381%Lighter0.2855+0.388%Aster0.2855+0.391%
Phemex0.2855+0.391%
SunX0.2856+0.409%Pacifica0.2858+0.491%Orderly0.2858+0.500%Aevo0.2858+0.514%Hyperliquid0.2859+0.535%
BloFin0.2870+0.908%
edgeX0.2885+1.458%ApeX Omni0.2886+1.481%Injective0.2937+3.278%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni USELESS−0.900%+0.0349%4h$1.2M$1.5M—as long as short
HTX USELESS-USDT−0.683%+0.0100%4h$21K$340K20xas long as short
Bitget USELESSUSDT−0.652%+0.0180%4h$5.4M$7.1M20xas long as short
OKX USELESS-USDT-SWAP−0.638%+0.0100%4h$9.8M$57.8M10xas long as short
Gate USELESS_USDT−0.634%+0.0100%4h$6.8M$6.5M50xas long as short
KuCoin USELESSUSDTM−0.606%+0.0100%4h$5.1M$8.0M12xas long as short
Bybit USELESSUSDT−0.575%+0.0282%4h$27.9M$37.2M13xas long as short
MEXC USELESS_USDT−0.558%+0.0398%4h$19.1M$5.0M50xas long as short
BingX USELESS-USDT−0.551%+0.0392%4h—$4.4M—as long as short
Polymarket Perps USELESS-USD−0.551%+0.0100%1h$27K$120K3xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended USELESS-USD−0.539%+0.0392%1h$261K$920K5xas long as short
Binance USELESSUSDT−0.523%+0.0389%4h$24.3M$93.6M50xas long as short
Lighter USELESS−0.516%+0.0096%1h$1.3M$945K3xas long as short
Aster USELESSUSDT−0.512%+0.0880%4h$591K$1.9M10xas long as short
Phemex USELESSUSDTshort−0.512%+0.0100%4h$531K$1.3M20x
SunX USELESS-USDT−0.495%+0.0100%4h—$1.3M10xas long as short
Pacifica USELESS−0.414%+0.0100%1h$32K$76K3xas long as short
Orderly PERP_USELESS_USDC−0.404%+0.0893%4h$22K$1.4M10xas long as short
Aevo USELESS-PERP−0.390%+0.0184%1h$10K—3xas long as short
Hyperliquid USELESS−0.369%+0.0748%1h$13.9M$15.7M3xas long as short
BloFin USELESS-USDTlong0.000%+0.0546%4h$1.2M$1.8M12x
edgeX USELESSUSDC+0.545%+0.0365%4h$22K$186K10xas long as short
ApeX Omni USELESSUSDT+0.568%+0.0100%1h$35K$693K25xas long as short
Injective USELESS/USDC PERP+2.349%−0.5000%1h$855$14K5.5xas long as short